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Wednesday, April 25, 2007

S. Korean consortium aims to start oil exploration in Azerbaijan by September

20 April 2007 - Today.Az - A South Korean consortium led by the Korea National Oil Corporation (KNOC) is pushing to win the right to search for oil at Azerbaijan's Inam field by September, the Korean government said Friday. The Ministry of Commerce, Industry and Energy said it wants to seal a formal deal with the Central Asian country within the first half so exploration, including exploratory drilling, can take place during the third quarter.

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